New Issue: HSBC sells $316,000 barrier digital return notes on Russell, S&P, Stoxx

By Susanna Moon

Chicago, Nov. 7 – HSBC USA Inc. priced $316,000 of 0% digital dual directional barrier securities due Dec. 2, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component closes at or above its 70% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 6%.

Otherwise, investors will be fully exposed to the decline of the worst performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index and S&P 500 index
Amount:	$316,000
Maturity:	Dec. 2, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index never closes below barrier, par plus 6%; otherwise, 1% loss per 1% decline of worst performing index
Initial levels:	3,134.89 for Stoxx, 1,483.821 for Russell and 2,658.69 for S&P
Trigger levels:	2,194.423 for Stoxx, 1,038.6747 for Russell and 1,861.083 for S&P, 70% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	1.875%
Cusip:	40435F5L7

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